Tag Archives: EUR/USD

Daily Technical Report

EUR/USD is holding the low implied byWednesday’s hammer. Coupled with theproximity of the key support at 1.3296,

G10 FX rates drifted sideways, with EURUSD at 1.340, AUDUSD testing its Friday highs at 0.9282, and

EURUSD: The next attempt higher took place already on Friday (andwith the passing of 1.3399 the alternative path,

A very quiet start to the week with no key data releases.

Friday’s bounce fell short of the $1.3445 resistance level with bulls needing a close above this level to confirm an easing of bearish pressure.

The pair opened at $1.3401 this morning, after it ended Friday’s US session at $1.3410 and

U.S. Review Economic Acceleration But Restraint Persists • The economy continues to show signs of acceleration this week,

Morgan Stanley is out with a note reiterating its structural bullish USD views

Considering the shifts in the global bond market (US 10‐year sub 2.40%, the German 10yr at 1.05%, global 10yrs all lower and

EUR/USD is holding the low implied byWednesday’s hammer. Coupled with theproximity of the key support at 1.3296, a shorttermrebound is likely.

Today’s highlights: USDJPY risk is seen lower towards 101.32, followed by 101.09/07.

In FX, flows into safe haven drove USDJPY to a low of 101.60 before rebounding 101.80.